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Deutsche Bank reiterates buy recommendation on Enphase Energy shares

Donald Vance
29. 4. 2023
2 min read

Deutsche Bank reiterates buy recommendation on Enphase Energy shares

Enphase Energy, a global energy technology company, provides intelligent and easy-to-use solar generation management, storage and communications solutions on one intelligent platform. The company has revolutionized the solar industry with its microinverter technology and produces fully integrated solar storage solutions. Enphase has already shipped more than 32 million microinverters and approximately 1.4 million systems based on Enphase technologies those are already deployed in more than 130 countries.

Price analysis estimates growth of 79.00%. As of April 24, 2023, the average one-year price target for Enphase Energy was $293.79 with forecasts ranging from $212.10 down to $383.25. The average price target represents a 79.00% increase from the last price at which, the stock closed, which was $164.20.

Enphase Energy's estimated annual revenue is 3.242MM, an increase of 23.95%. Estimated annual non-GAAP EPS is $5.41.

Enphase Energy has 1,912 funds or institutions reporting positions. That's an increase of 141 holders (7.96%) in the most recent quarter. The average portfolio weight of all funds devoted to ENPH stock is 0.47%, down 14.28%. The total number of shares owned by institutions increased 1.09% to 113,773,000 shares over the past three months. The put/call ratio of ENPH stock is 0.88. Which suggests a bullish outlook.

ENPH
$125.18 $7.68 +6.54%

Capital Structure

Market Cap
17.03B
Enterpr. Val.
18.06B
Revenue
1.83B
Shares Out.
136.06M
Debt/Capital
0.59
FCF Yield
2.38%

Valuation / Dividends

P/E
64.53
EPS
1.94
P/S
9.30
P/B
18.40
Div. Yield
-
Div. Payout
-

Capital Eff. / Margins

ROIC
9.65%
ROE
28.35%
ROA
8.54%
Gross
46.17%
Operating
13.72%
Net Profit
15.10%
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For example, Enphase Energy Inc. holds
VTSMX- Vanguard Total Stock Market Index Fund Investor Shares
holds 4,132 thousand shares or 3.02% ownership in the company. In its previous filing, the firm reported ownership of 4,040K shares, an increase of 2.23%. The firm decreased its portfolio allocation in ENPH by 9.81% in the most recent quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares
holds 3,164K shares or 2.31% ownership in the company. In its previous filing, the firm reported ownership of 3,121K shares, up 1.36%. The firm decreased its portfolio allocation in ENPH by 11.08% in the most recent quarter.

VFINX- Vanguard 500 Index Fund Investor Shares
Holds 3,142K shares or 2.29% of the company. In its previous filing, the firm reported ownership of 3,071K shares, an increase of 2.28%. The firm decreased its portfolio allocation in ENPH by 9.98% during the last quarter.

Geode Capital Management
holds 2,846K shares or 2.08% of its portfolio in the company. In its previous filing, the firm reported ownership of 2,771K shares, an increase of 2.64%. The firm decreased its portfolio allocation in ENPH by 9.32% during the most recent quarter.

Invesco
holds 2,633K shares or 1.92% of its portfolio. In its previous filing, the firm reported ownership of 2,865K shares, down 8.83%. The firm decreased its portfolio allocation in ENPH by 20.16% during the last quarter.


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